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IECM
Intrinsic Edge Capital Management Portfolio holdings
AUM
$603M
1-Year Est. Return
66.97%
This Fund
S&P 500
This Quarter
Est. Return
+0.61%
1 Year Est. Return
+66.97%
3 Year Est. Return
+191.17%
5 Year Est. Return
+349.01%
10 Year Est. Return
–
AUM
$1.45B
AUM Growth
-$259M
(-15%)
Cap. Flow
-$243M
Cap. Flow
% of AUM
-16.78%
Top 10 Holdings %
Top 10 Hldgs %
15.45%
Holding
298
New
84
Increased
44
Reduced
69
Closed
84
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Euronet Worldwide
EEFT
|
+$20M |
| 2 |
SIX
Six Flags Entertainment Corp.
SIX
|
+$17.1M |
| 3 |
MNDT
Mandiant, Inc. Common Stock
MNDT
|
+$15.6M |
| 4 |
Simon Property Group
SPG
|
+$13.7M |
| 5 |
Check Point Software Technologies
CHKP
|
+$13.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nu Skin
NUS
|
+$23.4M |
| 2 |
TWOU
2U Inc
TWOU
|
+$21.5M |
| 3 |
Plug Power
PLUG
|
+$20.9M |
| 4 |
GTLS
Chart Industries
GTLS
|
+$19.3M |
| 5 |
Genius Sports
GENI
|
+$17.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.13% |
| 2 | Consumer Discretionary | 23.38% |
| 3 | Industrials | 14.29% |
| 4 | Energy | 7.91% |
| 5 | Real Estate | 7.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Cipher Digital
CIFR
$7.14B
| – | – |
-349,994
| Closed | -$3.73M |
|
|
CIVI
227
DELISTED
Civitas Resources
CIVI
| – | – |
-149,564
| Closed | -$7.04M |
|
228
Commault Systems
CVLT
$5.78B
| – | – |
-131,718
| Closed | -$10.3M |
|
229
Crane NXT
CXT
$2.95B
| – | – |
-86,370
| Closed | -$2.77M |
|
|
DENN
230
DELISTED
Denny's
DENN
| – | – |
-606,006
| Closed | -$9.99M |
|
231
Energy Transfer Partners
ET
$71.6B
| – | – |
-350,000
| Closed | -$3.72M |
|
|
FISV
232
Fiserv Inc
FISV
$28B
| – | – |
-70,210
| Closed | -$7.5M |
|
233
FIVE9
FIVN
$2.44B
| – | – |
-18,521
| Closed | -$3.4M |
|
234
Flowserve
FLS
$10.3B
| – | – |
-284,470
| Closed | -$11.5M |
|
235
TechnipFMC
FTI
$29.5B
| – | – |
-1,040,000
| Closed | -$9.41M |
|
|
236
Genius Sports
GENI
$2.16B
| – | – |
-934,686
| Closed | -$17.5M |
|
237
HNI Corp
HNI
$3.57B
| – | – |
-209,399
| Closed | -$9.21M |
|
238
Hewlett Packard
HPE
$72B
| – | – |
-714,866
| Closed | -$10.4M |
|
239
HealthEquity
HQY
$8.83B
| – | – |
-40,000
| Closed | -$3.22M |
|
|
HUT
240
Hut 8
HUT
$10.9B
| – | – |
-20,000
| Closed | -$440K |
|
241
InMode
INMD
$870M
| – | – |
-157,636
| Closed | -$7.46M |
|
242
Inspire Medical Systems
INSP
$1.71B
| – | – |
-20,000
| Closed | -$3.87M |
|
243
Invitation Homes
INVH
$17.7B
| – | – |
-198,253
| Closed | -$7.39M |
|
244
Ingersoll Rand
IR
$33B
| – | – |
-214,715
| Closed | -$10.5M |
|
245
Liberty Energy
LBRT
$3.51B
| – | – |
-220,000
| Closed | -$3.12M |
|
246
Lennox International
LII
$14.9B
| – | – |
-10,127
| Closed | -$3.55M |
|
247
MediaAlpha
MAX
$803M
| – | – |
-38,434
| Closed | -$1.62M |
|
248
Magnite
MGNI
$3.49B
| – | – |
-7,780
| Closed | -$263K |
|
|
CALY
249
Callaway Golf Company
CALY
$3.01B
| – | – |
-436,597
| Closed | -$14.7M |
|
|
MODV
250
DELISTED
ModivCare
MODV
| – | – |
-1,205
| Closed | -$205K |
|
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Intrinsic Edge Capital Management's Q3 2021 Portfolio in Review
As of Q3 2021, Intrinsic Edge Capital Management held 298 positions worth $1.45B, down 15% from $1.71B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Intrinsic Edge Capital Management withdrew a net $243M in Q3 2021, closing 84 positions and reducing 69 holdings. Its most notable exit was Nu Skin, an estimated $23.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Intrinsic Edge Capital Management opened a new position in Euronet Worldwide worth $19.2M.
- Intrinsic Edge Capital Management's largest Q3 2021 buy was Euronet Worldwide: 150,673 shares worth $19.2M.
- Intrinsic Edge Capital Management added most to Mandiant, Inc. Common Stock in Q3 2021, an estimated $15.6M increase.
- Intrinsic Edge Capital Management's biggest Q3 2021 reduction was Chart Industries, cutting an estimated $19.3M.
- Intrinsic Edge Capital Management fully exited Nu Skin in Q3 2021, selling an estimated $23.4M.
- Intrinsic Edge Capital Management's ten largest holdings make up 15% of its $1.45B portfolio in Q3 2021.
- Intrinsic Edge Capital Management opened 84 new positions and closed 84 in Q3 2021.
- Intrinsic Edge Capital Management's portfolio value fell 15% quarter-over-quarter to $1.45B.
Based on Intrinsic Edge Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.